XRP News Today: XRP Drops to $2.20 as ETF Investments Face Off Against Major Whale Sell-Offs and Derivatives Market Liquidations

XRP, the cryptocurrency created by Ripple, has

despite a record-breaking $164 million pouring into XRP-centric exchange-traded funds (ETFs) on their debut, underscoring a significant gap between institutional interest and price movement. Earlier this week, the token peaked at $2.26 for the year, but now hovers near crucial support as large holders offload and derivatives liquidations fuel further instability . Meanwhile, the RLUSD stablecoin, an integral part of Ripple’s network, has experienced a 56% jump in monthly transaction volume, reaching $3.5 billion, yet continued downward momentum.

ETF inflows, led by Franklin Templeton and Grayscale products, stand in stark contrast to the broader trend of crypto outflows.

, and ETFs saw institutional redemptions of $1.27 billion and $589 million, respectively, over the last week. , on the other hand, has moved against this pattern, with as of Nov. 26. These assets now account for 0.50% of XRP’s total market value, which is still lower than the ETF exposure for Bitcoin and Ethereum at 6.54% and 5.5% respectively .

From a technical standpoint, the outlook is mixed. XRP’s price has established a descending triangle with $2.20 serving as immediate support, while derivatives investors have

, pushing open interest up by 5% to $4.21 billion. Should the price climb above $2.26, resistance could be tested at $2.31 and possibly $2.52, but if $2.20 fails to hold, there is the $1.88–$1.91 range. Large-scale transactions have further muddied the waters, with that 200 million XRP were sold within two days of the ETF launch, intensifying the downward trend.

Institutional perspectives remain split.

in inflows from XRP and ETFs, pointing to the increasing use of Ripple’s efficient, cost-effective XRP Ledger for international payments. Some analysts believe that limited supply—only 58.5% of XRP is currently profitable—combined with ETF-driven demand, could lead to a supply crunch by 2026 . Meanwhile, the derivatives sector is showing signs of recovery, as has surpassed 2.6, suggesting buyers are gaining the upper hand.

The wider cryptocurrency market, however, is facing challenges. Bitcoin and Ethereum ETFs continue to see outflows, with Bitcoin’s value

amid economic uncertainty and speculation about Federal Reserve policy. XRP’s ability to withstand these pressures highlights its distinct role as a utility-focused asset, though technical metrics such as the RSI and MACD remain neutral, indicating accumulation rather than a trend reversal .